Category: Tax

The state, being the most important participant in corporate relations, performs the functions of not only a regulator of organizational, legal, and financial relations but also an active independent player in the financial market. The presence of state regulation allows not only to clarify and regulate the functioning of the corporate sector but also to…

Table of Contents Introduction U.S. Tax Code and Taxation 401K Taxing Alternative IRS Audit Conclusion References Introduction The concept of deferred compensation is an essential maneuver in order to alter the tax value. Despite the ongoing theoretical synthesis of various aspects of taxation, there is no specific and holistic concept. It uniquely describes the social…

The question of the best kind of taxation system favorable for use has raised great concerns to many people and governments. The purpose of the study is to present information on both systems in order to determine the system that is more favorable for use. From the information provided, then a conclusion will be drawn…

Table of Contents Introduction Government Spending Hikes Tax Reductions Long-Run Multiplier Increaser of Productivity Tax Avoidance The Substitution and The Income Effects Conclusion to the Best Option Conclusion References Introduction The economic recession has a variety of negative repercussions on the economy, including increased unemployment, weak economic development, and reduced investment, among other things. To…

In an ailing economy and threats of frequent economic crises, one of the main areas of interest is the idea of tax reforms. Some scholars argue, within the context of classical versus Keynesian economic theories, that the ailing economy is a strong incentive for implementing tax reforms to reduce the risks of financial problems. However,…

Tax can be referred to as a fee that the government levies on activities, products or even incomes. It can either be levied directly on corporate as well as personal incomes or be indirectly levied on services offered or price of goods sold, with the incentive of financing of the government expenditure. Its importance extends…

I believe that the US estate tax is reasonable and provides a number of social, economic, and political benefits to the state. Being first introduced in the 18th century, it conforms to the democratic principles of equality and fairness. However, the recent raise of the estate tax exemption is controversial, as the reasons behind the…

Eighteen months ago, Barry Bartolo won a $2 million Massachusetts state lottery and chose to receive it as a $120,000 annual annuity for the rest of his life. This year his sisters persuaded him to sell the annuity to a financial institution for $1.79 million and invest the proceeds in a new family business. How…

Table of Contents Introduction Main body Conclusion References Introduction The government undertakes the implementation of various public policies most of which are aimed at protecting its citizens. Taxation is one of these public policy measures that are used by the government to control harmful behaviors of individual or organizational consumption. About controlling individual consumption of…

Table of Contents Introduction Hong Kong Tax System American Tax system Differences causing taxpayer participation Conclusion Reference List Introduction Taxation is known to be one of the most popular channels of raising money to fund government operations viewed to be of the common good of all citizens. Governments all over the world tax various economic…